INVESTMENT INCENTIVES The Greek government has promoted CHP primarily through Development Laws (1982/90 and 2601/98), the Operational Programme for Energy 1994-1999 (OPE) and the Operational Programme for Competitiveness 2000-2006 (OPC), which received financing from the EU Community Support Framework. When all mechanisms were in operation, the CHP investor chose the prefered mechanism. Eligible investors were required to demonstrate fuel efficiency of at least 60% for the industrial sector and 65% for the services sectors. PRICING Law 2773/99 replaced the provisions of Law 2244/94 on the buy-back tariffs for electricity produced by CHP. In the interconnected system, the generator received compensation for energy, which was 90% of the energy part in the medium-voltage end-use tariff and for capacity that was 50% of the capacity part in the same tariff. Prices in the non-interconnected system were determined as percentages of the then current PPC low-voltage residential tariffs, ranging from 60% for CHP using fossil fuels to 90% for CHP using renewable energies.